Tucked into the Liberals' Fall Economic Statement was a nugget about promoting long-term mortgages in Canada. Specifically, the Liberals said they plan to launch "consultations on the market development of long-term mortgages in Canada" (assuming their government lasts long enough to do it).
This initiative is nothing groundbreaking. Policy architects have entertained the idea of improving long-term mortgage options for years. It keeps coming up for two reasons:
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